Banking of Overtime Hours Sample Clauses
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Banking of Overtime Hours. (a) Overtime compensation, at the applicable rates outlined in Article 7.11, shall be monetary or in time off, at the employee's option. If the employee chooses time off, such time shall be scheduled by mutual agreement of the employee and the Employer.
(b) Overtime banked from January to June each year shall be taken prior to December 31st of that year, and overtime banked from July to December shall be taken prior to June 30th the following year. Under special circumstances an employee may apply to the Joint Labour Management Committee to carry over banked time beyond these limits.
Banking of Overtime Hours. Letter No. 22............. H & S Training Fund Letter No. 23............. Utility Services Representative Letter No. 24............. Employment Security Letter No. 25............. Utility Labour Pool Employees Letter No. 26............. Recognition of Local 8833
Banking of Overtime Hours. Dear ▇▇▇▇▇: During the 2017 negotiations, the Company and the Union confirmed their intent to trial the banking of overtime as lieu time. It was agreed that banking overtime would be established under the following terms and conditions:
Banking of Overtime Hours. During the 1996 negotiations, the Union submitted a proposal for "banking overtime". It was agreed as part of these negotiations that "banking overtime" as a concept could be implemented on a trial basis in all areas of the company under the following terms and conditions.
Banking of Overtime Hours. During the 2000 negotiations, the Union submitted a proposal for “banking overtime”. It was agreed the concept of “banked overtime” is to allow employees time off for personal purposes and it is not intended that “banked overtime” be used in conjunction with or will be combined with other forms of time off to increase an employee’s vacation period. It was agreed as part of these negotiations that “banking overtime” as a concept could be implemented on a trial basis in all the Unifor North areas of the company under the following terms and conditions. Employees will have the option of being paid for overtime hours worked at the applicable overtime rate, or being paid for overtime hours worked at their regular rate of pay and “banking” an equivalent number of hours. The number of “banked” hours must not exceed twenty-four (24) hours at any time. The unused “banked” hours will be paid out at periods during the calendar year agreed to by both parties (e.g. six month period), or at a minimum at the end of the calendar year. Employees will be paid at their regular rate of pay for these “banked overtime” hours that are paid out. Employees must receive prior management approval to take time off using “banked” overtime hours. Approval will be subject to the Company’s operating requirements and when approval is given, the employee will be paid for the scheduled time off at his/her regular rate of pay. Management and Local Unit representatives will meet to discuss and mutually agree on the administration of the “banked overtime” process. It is agreed the trial period will be the term of the agreement. ▇▇▇▇▇ ▇▇▇▇▇▇ Manager Labour & Employment Relations TT/pk November 28, 2003
Banking of Overtime Hours. When overtime is required the employee will be given the option of being paid for overtime in the current regular accepted fashion (through payroll).
Banking of Overtime Hours. Letter No. 17................. Health & Safety Training Fund Letter No. 18................. Employment Security Letter No. 19................. Recognition of Local 8833 Letter No. 20................. Benefit Plan – Annual Review Meeting Letter No. 21 ................. Brantford Call Centre – Posting Rights Letter ▇▇. ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇. ▇▇ ................. Sick Pay / Vacation, Flex Days and
Banking of Overtime Hours. An employee shall have the option of banking his/her overtime at the rate of one and one half (1 ½) hour for each hour worked or any part thereof to a maximum of five (5) days. It is agreed that any banked time must be recorded on the employee’s time slip and that the banked time off compensation must be taken between April 1st and March 31st in the pay grid year earned and only with the approval of the employee’s supervisor. If time is banked within the last pay period prior to March 31st in a given year, it will be paid out in that pay period. Any overtime not banked, shall be paid at premium time.
i. e. - Bank worked at time and one half (1 ½)
Banking of Overtime Hours. During the 2019 – 2020 negotiations, the Company and the Union agree to provide employees with the option of bank- ing overtime. It was agreed that banking overtime would occur under the following terms and conditions.
Banking of Overtime Hours. LETTER OF UNDERSTANDING #1